Re: questions
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Posted by Why Chat (209.240.205.61) on June 09, 2004 at 14:07:37:
In Reply to: questions posted by catballou on June 09, 2004 at 13:48:11:
Debts are sold all the time.
You get a mortgage from ABC bank, they sell/assign it to xyz bank.
Same thing when you buy a car.It is RARE that a mortgage or car loan stays with the original lender. Perfectly legal to sell a "debt" either while it is in good standing, or after it has been charged off. Those "voodoo credit repair" folks who say otherwise are clueless.
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